Central Asia Metals Ltd (CAML) Given New GBX 220 Price Target at Canaccord Genuity
Central Asia Metals Ltd (LON:CAML) had its price objective lifted by equities researchers at Canaccord Genuity from GBX 190 ($2.48) to GBX 220 ($2.87) in a research note issued on Wednesday. The firm currently has a “buy” rating on the mining company’s stock. Canaccord Genuity’s price objective points to a potential upside of 21.55% from the stock’s previous close.
Several other analysts also recently weighed in on the stock. Peel Hunt reissued a “buy” rating and set a GBX 205 ($2.68) target price on shares of Central Asia Metals in a research report on Monday, September 12th. FinnCap reissued a “buy” rating and set a GBX 264 ($3.45) target price on shares of Central Asia Metals in a research report on Monday, September 12th. Investec raised shares of Central Asia Metals to a “hold” rating and boosted their target price for the stock from GBX 159 ($2.08) to GBX 168 ($2.19) in a research report on Tuesday, July 19th. Finally, Beaufort Securities reissued a “speculative buy” rating on shares of Central Asia Metals in a research report on Tuesday, July 5th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of GBX 214.25 ($2.80).
Shares of Central Asia Metals (LON:CAML) opened at 180.60 on Wednesday. The firm has a 50-day moving average of GBX 173.47 and a 200-day moving average of GBX 165.46. Central Asia Metals has a one year low of GBX 118.21 and a one year high of GBX 187.68. The company’s market capitalization is GBX 201.47 million.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/central-asia-metals-ltd-caml-given-new-gbx-220-price-target-at-canaccord-genuity.html
The firm also recently disclosed a dividend, which will be paid on Friday, October 28th. Stockholders of record on Thursday, October 6th will be issued a GBX 5.50 ($0.07) dividend. This represents a dividend yield of 3.21%. The ex-dividend date is Thursday, October 6th.
About Central Asia Metals
Central Asia Metals plc is a mining and exploration company. The Company’s principal business activity is the production of copper cathode at its Kounrad operations in Kazakhstan. It also owns various exploration projects in Mongolia and holds interest in the copper tailings project in Chile. The Company operates through two segments, which consists of an SX-EW copper plant at Kounrad in Kazakhstan and the Copper Bay project in Chile.
Receive News & Ratings for Central Asia Metals Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Central Asia Metals Ltd and related companies with MarketBeat.com's FREE daily email newsletter.